§ 1767. Computation of amount
(a)(1) In determining the amount of municipal indebtedness permitted by this subchapter, obligations created for current expenses, for a water supply or for electric lights, and temporary loans created in anticipation of the collection of taxes and necessary for meeting current expenses shall not be taken into account.
(2) Sinking funds and other monies set aside for the sole purpose of paying outstanding bonds shall be deducted.
(b) The provisions of this section and of section 1762 of this title shall not apply when the charter of a municipal corporation or special act otherwise limits its indebtedness.
Structure Vermont Statutes
Title 24 - Municipal and County Government
§ 1752a. Privately owned municipality-supported libraries
§ 1756. Notice of meeting; authorization
§ 1757a. Validation of consolidated water or sewer districts and bonds voted for construction
§ 1759. Denominations; payments; interest
§ 1760. Bonds validated—Over five percent
§ 1764. Taxes to meet interest and payments
§ 1768. Form of bond and coupon
§ 1771. Refunding bonds; authorization
§ 1772. Refunding bonds; procedure and limitations
§ 1775. Cancellation and record of old bonds
§ 1778. Registered obligations; authority to issue
§ 1779. Registration on request
§ 1780. Certificate of registration indorsed; when
§ 1781. Change of coupon bonds to registered bonds
§ 1782. Registered bonds; form of certificate
§ 1783. Registered bonds; indorsement conclusive evidence of authority
§ 1784. Registered bonds; treasurer to keep record
§ 1785. Registered bonds; conversion not to affect liability
§ 1786. Borrowing to pay current expenses in anticipation of taxes
§ 1786a. Borrowing for public improvements and capital assets
§ 1787. Application of chapter; charters and special acts to control
§ 1788. Existing powers continued; emergencies
§ 1789. Alternative financing of assets
§ 1822. Powers; approval of voters
§ 1823. Payment exclusive; effect
§ 1827. Enforcement of bond obligations
§ 1881. Form of bonds, notes, and certificates
§ 1894. Power and life of district
§ 1895. Original taxable value
§ 1898. Powers supplemental; construction